by Michael Bridgman | May 11, 2021 | Forex Tips
The equity markets around the world sold off on Monday and with an already soft USD, a short was taken on the USDJPY risking 12 pips for a potential 35 pips to our daily target at 108.41 After a retest of the Asian session high early in the U.K. session, the...
by Michael Bridgman | May 7, 2021 | Forex Tips
The market has been quite slow this past week and good trade setups have been few, and not amounted to any gains worth posting. Today the NFP number created a large move against the already soft USD. For me, the idea was to wait for the pull back and trade the...
by Michael Bridgman | Apr 28, 2021 | Forex Tips
A bit of back and forth price action as the markets prepare for the FOMC and month end. The DXY continues to be on its back foot… bearish below 91.00. A long GBPUSD was taken early in the U.S. session after a higher low as price moved up into its Asian range –...
by Michael Bridgman | Apr 27, 2021 | Forex Tips
It’s month end this week and trading can be choppy especially when combined with Jerome Powell and the FOMC statement on Wednesday. Today a USDJPY long was taken as the pair continued to stay above 108.00. – risking 11 pips for a potential 26 pips to our daily...
by Michael Bridgman | Apr 23, 2021 | Forex Tips
The risk sensitive USDJPY moved lower in the first half of the U.K. session, finding a bottom just beneath 107.50 then it began to move higher early in the U.S. session. A long was entered after a reversal pattern risking16 pips for a potential 37 pips to our daily...
